Urban Outfitters (NASDAQ:URBN) PT Raised to $28.00 at JPMorgan Chase & Co.

Urban Outfitters (NASDAQ:URBNGet Rating) had its target price boosted by JPMorgan Chase & Co. from $26.00 to $28.00 in a research note published on Monday morning, Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Several other equities analysts also recently commented on URBN. Barclays upped their price objective on Urban Outfitters from $26.00 to $27.00 and gave the company an equal weight rating in a research report on Friday, January 13th. Bank of America upped their price objective on Urban Outfitters from $25.00 to $30.00 in a research note on Tuesday, November 22nd. Telsey Advisory Group upped their price objective on Urban Outfitters from $28.00 to $33.00 and gave the stock an outperform rating in a research note on Tuesday, November 22nd. Citigroup upped their price objective on Urban Outfitters from $27.00 to $30.00 and gave the stock a buy rating in a research note on Tuesday, November 22nd. Finally, UBS Group set a $25.00 price objective on Urban Outfitters in a research note on Wednesday, November 23rd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $26.97.

Urban Outfitters Stock Up 0.1 %

URBN stock opened at $26.95 on Monday. Urban Outfitters has a twelve month low of $17.81 and a twelve month high of $30.52. The stock has a market cap of $2.48 billion, a P/E ratio of 15.14, a PEG ratio of 0.86 and a beta of 1.41. The business’s 50-day moving average price is $26.63 and its 200-day moving average price is $23.45.

Urban Outfitters (NASDAQ:URBNGet Rating) last posted its quarterly earnings results on Monday, November 21st. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Urban Outfitters had a return on equity of 9.83% and a net margin of 3.57%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Urban Outfitters will post 1.75 earnings per share for the current fiscal year.

Insider Activity at Urban Outfitters

In other news, COO Frank Conforti sold 10,000 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief operating officer now directly owns 25,960 shares of the company’s stock, valued at $649,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Frank Conforti sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the chief operating officer now owns 25,960 shares in the company, valued at approximately $649,000. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in Urban Outfitters by 3.1% during the third quarter. Victory Capital Management Inc. now owns 15,971 shares of the apparel retailer’s stock worth $314,000 after buying an additional 474 shares in the last quarter. Clifford Capital Partners LLC grew its stake in shares of Urban Outfitters by 2.7% in the third quarter. Clifford Capital Partners LLC now owns 19,131 shares of the apparel retailer’s stock valued at $376,000 after buying an additional 499 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Urban Outfitters by 5.9% in the third quarter. Public Employees Retirement System of Ohio now owns 9,767 shares of the apparel retailer’s stock valued at $192,000 after purchasing an additional 545 shares during the period. Rhumbline Advisers boosted its holdings in Urban Outfitters by 0.3% in the second quarter. Rhumbline Advisers now owns 193,429 shares of the apparel retailer’s stock valued at $3,609,000 after purchasing an additional 549 shares during the period. Finally, Quantamental Technologies LLC lifted its holdings in Urban Outfitters by 3.2% during the 1st quarter. Quantamental Technologies LLC now owns 18,199 shares of the apparel retailer’s stock worth $457,000 after buying an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

Urban Outfitters Company Profile

(Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Further Reading

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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